二、 对公司的影响 本次出售碳排放配额相关收益计入非经常性损益，出售碳排放配 额所得资金将用于公司主营业务经营，补充公司发展的资金需求，给 公司生产经营带来积极影响。 公司未来将积极参与碳交易市场，在践行"碳达峰、碳中和"战 略的过程中，持续提升盈利能力。 三、风险提示 证券代码：600509 证券简称：天富能源 公告编号：2025-临 067 新疆天富能源股份有限公司 关于拟出售公司碳排放配额的公告 特别提示 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、交易概述 新疆天富能源股份有限公司（以下简称"公司"）第八届董事会 第十八次会议审议通过《关于出售公司碳排放配额的议案》。 公司拟 通过全国碳排放权交易系统以协议转让、单项竞价及其他符合规定的 方式出售碳排放配额约 64 万吨，交易价格根据全国碳市场碳排放配 额价格走势择机处置，并授权公司管理层具体开展碳排放配额处置相 关工作并签署相关合同及文件。 本次出售碳排放配额事项不涉及关联交易，也不构成《上市公司 重大资产重组管理办法》规定的重大资产重组情况，无需提交公 ...

证券代码：600509 证券简称：天富能源 公告编号：2025-临 066 此议案已经公司董事会审计委员会审议通过。 详见同日披露于上海证券交易所网站（www.sse.com.cn）的《2025 年第三季度报告》。 同意 9 票，反对 0 票，弃权 0 票。 新疆天富能源股份有限公司 第八届董事会第十八次会议决议公告 特别提示 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 新疆天富能源股份有限公司（以下简称"公司"）第八届董事会 第十八次会议于 2025 年 10 月 15 日以书面和电子邮件方式通知各位 董事，10 月 20 日上午 10:30 分以现场加通讯表决的方式召开，董事 长尹俊涛先生主持本次会议，会议应参与表决董事 9 人，实际参与表 决董事 9 人。公司董事会成员在充分了解所审议事项的前提下，对审 议事项进行表决，符合《公司法》及《公司章程》的要求。 经过与会董事认真审议，表决通过如下事项： 1、关于公司 2025 年第三季度报告的议案； 同意公司 2025 年第三季度报告。 2、关于出售公司碳排放配额的 ...

Core Viewpoint - Tianfu Energy (600509.SH) reported a decline in revenue and net profit for the first three quarters of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved a revenue of 5.929 billion yuan for the first three quarters, representing a year-on-year decrease of 12.10% [1] - The net profit attributable to shareholders was 374 million yuan, down 24.23% year-on-year [1] - The non-recurring net profit stood at 349 million yuan, reflecting a year-on-year decline of 17.50% [1] - Basic earnings per share were reported at 0.2723 yuan [1]

Core Insights - Tianfu Energy (600509) reported a decline in both revenue and net profit for Q3 2025, with revenue at 1.863 billion yuan, down 15.13% year-on-year, and net profit at 70.44 million yuan, down 61.02% year-on-year [1] Financial Performance - For the first three quarters of 2025, the company recorded a total revenue of 5.929 billion yuan, representing a year-on-year decrease of 12.1%, while net profit was 374 million yuan, down 24.23% year-on-year [1] - Basic earnings per share for the period stood at 0.2723 yuan [1] Factors Influencing Performance - The decline in net profit for Q3 was primarily due to two factors: the absence of non-recurring gains from carbon emission rights sales, which contributed 62 million yuan in the same period last year, and the lack of income from previously enjoyed tax credits, which were fully utilized in the prior year [1]

Financial Performance - Total revenue for Q3 2025 was CNY 1,863,098,390.89, a decrease of 15.13% year-on-year[2] - Net profit attributable to shareholders was CNY 70,440,334.77, down 61.02% compared to the same period last year[2] - The total profit for the period was CNY 94,939,844.42, reflecting a decline of 53.01% year-on-year[2] - Basic earnings per share decreased by 61.54% to CNY 0.0513[2] - Net profit for the first three quarters of 2025 was CNY 372,461,610.94, a decrease of 25.3% compared to CNY 498,662,157.78 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 was CNY 423,509,550.68, down from CNY 463,302,075.93 in 2024, reflecting a decline of 8.6%[20] - Total comprehensive income for the first three quarters of 2025 was CNY 372,461,610.94, compared to CNY 498,662,157.78 in 2024, reflecting a decrease of 25.3%[20] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.2723, down from CNY 0.3645 in 2024, a decrease of 25.3%[20] Revenue and Costs - Total operating revenue for the first three quarters of 2025 was CNY 5,928,751,584.63, a decrease of 12.1% compared to CNY 6,744,841,673.91 in the same period of 2024[18] - Total operating costs for the first three quarters of 2025 were CNY 5,390,254,442.75, down 13.0% from CNY 6,193,417,886.99 in the previous year[18] - Operating costs included CNY 4,614,663,213.19 in operating expenses, which decreased by 15.2% from CNY 5,442,945,770.86 in 2024[18] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 639,507,309.03, down 12.50%[2] - Cash flow from operating activities for the first three quarters of 2025 was CNY 639,507,309.03, down from CNY 730,830,654.31 in 2024, a decline of 12.5%[23] - Cash flow from investing activities for the first three quarters of 2025 was -CNY 1,063,178,001.78, an improvement compared to -CNY 3,022,877,353.58 in 2024[23] - Cash flow from financing activities for the first three quarters of 2025 was -CNY 153,066,956.30, a significant decrease from CNY 1,999,517,205.85 in 2024[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 30,497,549,557.10, a slight decrease of 0.22% from the end of the previous year[3] - Total assets as of September 30, 2025, were CNY 30,497,549,557.10, slightly down from CNY 30,565,020,018.78 at the end of 2024[16] - Total liabilities decreased to CNY 21,681,167,630.17 from CNY 22,109,649,618.78 at the end of 2024, indicating a reduction of 1.9%[16] - Shareholders' equity attributable to the parent company increased by 4.34% to CNY 7,774,513,119.17 compared to the previous year-end[3] - Shareholders' equity increased to CNY 8,816,381,926.93 as of September 30, 2025, compared to CNY 8,455,370,400.00 at the end of 2024, reflecting a growth of 4.3%[16] Shareholder Information - The number of common shareholders at the end of the reporting period was 77,904[10] - The company has not identified any significant related party transactions among its major shareholders[11] Investment Activities - The company reported a significant increase in financial expenses, totaling CNY 307,383,802.90 in 2025 compared to CNY 299,659,614.01 in 2024[20] - The company experienced a net loss from investment activities of CNY 12,658,298.16 in 2025, worsening from a loss of CNY 4,485,907.64 in 2024[20] - Non-recurring gains and losses totaled CNY 11,346,557.70 for the current period[5] Borrowings - The company reported a significant reduction in short-term borrowings, which decreased to CNY 111,000,000.00 from CNY 1,431,256,000.00 at the end of 2024[15]

Core Insights - Tianfu Energy reported a third-quarter revenue of 1.863 billion, a decrease of 15.13% compared to the previous year [1] - The net profit for the third quarter was 70.44 million, down 61.02% year-on-year [1] - For the first three quarters, the total revenue was 5.929 billion, reflecting a decline of 12.10% [1] - The net profit for the first three quarters was 374 million, which represents a decrease of 24.23% [1]

Core Viewpoint - The company has approved a proposal to sell approximately 640,000 tons of carbon emission quotas through the national carbon emission trading system, with the transaction price to be determined based on market trends [1] Group 1 - The eighth board of directors' 18th meeting has passed the resolution regarding the sale of carbon emission quotas [1] - The company plans to utilize methods such as agreement transfer and single-item bidding for the sale [1] - The management has been authorized to carry out the necessary actions related to the disposal of carbon emission quotas and to sign relevant contracts and documents [1]

Market Overview - On October 16, the Xinjiang state-owned enterprise reform sector fell by 2.87%, with Western Gold leading the decline [1] - The Shanghai Composite Index closed at 3916.23, up 0.1%, while the Shenzhen Component Index closed at 13086.41, down 0.25% [1] Stock Performance - The following stocks in the Xinjiang state-owned enterprise reform sector showed notable performance: - *ST Zhongji closed at 3.91, up 3.71% with a trading volume of 226,300 shares and a turnover of 88.57 million yuan [1] - Western Gold closed at 32.09, down 6.20% with a trading volume of 406,800 shares and a turnover of 1.33 billion yuan [2] - Xinjiang Jiaojian closed at 19.32, down 6.17% with a trading volume of 1,120,000 shares and a turnover of 2.196 billion yuan [2] Capital Flow - The Xinjiang state-owned enterprise reform sector experienced a net outflow of 649 million yuan from main funds, while retail investors saw a net inflow of 707 million yuan [2] - The following stocks had significant capital flow: - Tiankang Biological saw a main fund net outflow of 23.90 million yuan and a retail net inflow of 9.12 million yuan [3] - Xinjiang Tianye had a main fund net outflow of 1.90 million yuan but a retail net inflow of 1.71 million yuan [3] - New Sai shares experienced a main fund net outflow of 4.82 million yuan but a retail net inflow of 8.48 million yuan [3]

Core Points - Tianfu Energy's stock price dropped by 5.05% to 8.83 CNY per share, with a trading volume of 499 million CNY and a turnover rate of 4.03%, resulting in a total market capitalization of 12.136 billion CNY [1] - The company, established on March 28, 1999, and listed on February 28, 2002, is primarily engaged in power and heat production, natural gas supply, urban water supply, and construction services [1] - The revenue composition of Tianfu Energy is as follows: 80.82% from industrial operations, 13.58% from commercial activities, 4.42% from construction, and 1.17% from other supplementary services [1] Shareholder Analysis - Among the top circulating shareholders of Tianfu Energy, a fund under Southern Fund holds a significant position. The Southern CSI 1000 ETF (512100) increased its holdings by 1.6726 million shares in the second quarter, totaling 8.8832 million shares, which represents 0.65% of the circulating shares [2] - The estimated floating loss for the Southern CSI 1000 ETF today is approximately 4.1751 million CNY [2] - The Southern CSI 1000 ETF was established on September 29, 2016, with a current scale of 64.953 billion CNY. Year-to-date returns are 25.13%, ranking 1958 out of 4220 in its category, while the one-year return is 32.72%, ranking 1389 out of 3857 [2] Fund Management - The fund manager of the Southern CSI 1000 ETF is Cui Lei, who has been in the position for 6 years and 344 days. The total asset size of the fund is 94.976 billion CNY [3] - During Cui Lei's tenure, the best fund return achieved was 187.98%, while the worst return was -15.93% [3]

Core Viewpoint - The report highlights the growth of industrial enterprises in the Xinjiang Uygur Autonomous Region, indicating a significant increase in the number of large-scale industrial companies, which presents potential investment opportunities in the region's industrial sector [1] Group 1: Company Information - Listed companies mentioned include Guanghui Energy, New Natural Gas, Unified Shares, ST Haoyuan, Xinjiang Torch, Western Animal Husbandry, Tianrun Dairy, Dezhan Health, Xuefeng Technology, Chuaning Biological, Xiling Information, Lide New Energy, and Tianfu Energy [1] - The report is published by Zhiyan Consulting, a leading industry consulting firm in China, specializing in deep industry research and providing comprehensive consulting services [1] Group 2: Industry Statistics - As of January to August 2025, the number of industrial enterprises in Xinjiang reached 5,415, an increase of 477 compared to the same period last year, representing a year-on-year growth of 9.66% [1] - The industrial enterprises in Xinjiang account for 1.04% of the total number of such enterprises in the country [1] - The threshold for large-scale industrial enterprises was raised from an annual main business income of 5 million yuan to 20 million yuan starting in 2011 [1]